[Form 3] abrdn Emerging Markets ex-China Fund, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Mitchell Aron was reappointed as a Director of the adviser to abrdn Emerging Markets ex-China Fund, Inc. (AEF) effective 08/18/2025. The Form 3 filed reports that the reporting person does not beneficially own any securities of the Fund. The filing was submitted by power of attorney Lucia Sitar and dated 08/20/2025.

Positive

• Reappointment of Mitchell Aron as Director of the Fund's Adviser provides continuity in adviser oversight effective 08/18/2025.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Reappointment signals adviser continuity; no personal stake disclosed.

The filing documents a governance change at the adviser level with Mitchell Aron reappointed as a director of the fund's adviser as of 08/18/2025. The absence of any beneficial ownership means there is no immediate alignment via personal holdings disclosed on this Form 3. This is a routine disclosure that informs shareholders about adviser oversight but does not indicate a material change in the fund's capital structure.

Securities Analyst

TL;DR: Administrative filing only; no securities reported.

The Form 3 is an initial statement reflecting the reporting person’s role and confirms zero beneficial ownership of the issuer's securities. For market impact, the document is informational: it verifies officer status and compliance with Section 16 reporting obligations but contains no financial metrics or transactions that would affect valuation.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Mitchell Aron

(Last) (First) (Middle)

C/O ABRDN

1900 MARKET STREET, SUITE 200

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/18/2025

3. Issuer Name and Ticker or Trading Symbol
abrdn Emerging Markets ex-China Fund, Inc. [ AEF ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Director of Adviser

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

The Reporting Person previously served as Director of the Fund's Adviser from August 25, 2017 until July 31, 2019. The Reporting Person was reappointed as Director of the Fund's Adviser effective August 18, 2025.

No securities are beneficially owned.

	/s/ Lucia Sitar by POA from Reporting Person	08/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 3 filed for AEF report?

The Form 3 reports that Mitchell Aron was reappointed as a Director of the Fund's Adviser effective 08/18/2025 and that no securities are beneficially owned.

Does Mitchell Aron own any shares of abrdn Emerging Markets ex-China Fund (AEF)?

No. The filing explicitly states no securities are beneficially owned by the reporting person.

When was the Form 3 submission dated and who signed it?

The Form 3 is dated 08/20/2025 and was signed by Lucia Sitar by power of attorney for the reporting person.

What role does Mitchell Aron hold related to AEF?

The filing identifies Mitchell Aron as Director of the Fund's Adviser (listed as an officer relationship).

Is there any transaction or derivative position reported in this Form 3?

No. The filing contains no reported transactions, non-derivative holdings, or derivative securities; the Form states no securities are beneficially owned.